Life Insurance Claims Attorney Chicago

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Life Insurance Claims Attorney Chicago

The life insurance policy that your loved one purchased and invested in for many years on your behalf is a meaningful part of his or her legacy. While no amount of money can ever make up for your loss, this life insurance policy is symbolic of your loved one’s care and concern for you, and it can leave you better prepared to move forward into your future with a greater sense of security. If you have run into a snag with a life insurance claim, it’s time to consult with an experienced life insurance claims attorney in Chicago.

Life Insurance Companies

Life insurance companies are in the business of turning serious profits, and this means they do what they can – which is often a considerable amount – to pay out as little as possible. In other words, if the life insurance company can get away with paying out less on your claim (or denying it altogether), it will likely do so. In fact, insurance companies have any number of claim-diminishing tactics at their disposal, including:

  • Denying claims outright with the hope claimants will simply give up. 
  • Delving into investigations in an effort to prove the policy doesn’t apply or otherwise attempting to void the policy (for claimed factual errors in the application, for example). 
  • Prolonging and/or complicating the claims process to the point claimants lose hope
  • Attempting to settle for less than the full value of the policy 

You have suffered a significant loss and may need this settlement to help support yourself and your family going forward, which makes the life insurance company’s antics that much more difficult to face and to fight. For its part, the insurance company recognizes your vulnerability and isn’t afraid to take advantage of it. 

Complications that Commonly Arise

Some of the complications that commonly arise to thwart life insurance claims include the following:

  • Exclusions built into the life insurance policy, such as the cause of death
  • Issues that arise in relation to accidental death and dismemberment policies
  • Changes that are deemed to have been made incorrectly (or suspiciously) to the policy’s beneficiaries
  • Issues related to premium payments (as made by either the policyholder or his or her employer)

The fact of the matter is that the life insurance industry and the life insurance company have considerable leverage and a lot of legal weight to throw around when it comes to claims. Nevertheless, the insurance company is bound by state law, and a dedicated life insurance claims attorney can help ensure that you receive the settlement to which you are entitled.  

Don’t Wait to Consult with an Experienced Life Insurance Claims Attorney in Chicago

If you are facing a life insurance concern, it makes an already challenging transition in your life that much more so, and the formidable life insurance claims attorneys at Anspach Law Office in Chicago have the experience, focused legal insight, and drive to help. For more information about what we can do to help you, please don’t wait to contact us today.

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